April 2017

Russian railway metal shipments drop 5% in March

Russia’s ferrous metal rail shipments declined by 5% year-on-year in March 2017 to 6.30 million tonnes, according to state-run rail operator Russian Railways (RZD).

TURKEY FLAT STEEL WRAP: Prices stable, demand moderate as referendum approaches

Flat steel prices in Turkey changed only slightly in March, while demand was moderate. Most market participants now expect the market to remain cautious until mid-April.

CIS FLAT STEEL WRAP: CRC prices stable but HRC prices drop as pessimism kicks in

Prices for CIS-origin export hot rolled (HRC) slipped by $5-10 per tonne over the month of March, while those for cold rolled coil (CRC) stayed stable, as the mood of the market changed to pessimism from the optimism seen in February.

WTO sets panel to resolve India-Japan dispute

The World Trade Organisation (WTO) will review a complaint from Japan regarding India’s safeguarding measure on imports of hot rolled flat steel products.

Vietnam HRC import prices down to four-month low

Import prices for re-rolling-grade hot rolled coil in Vietnam have dropped for the fourth straight week, as buyers refrained from booking amid expectations of further drops in China.

Eastern China’s HRC prices rise as futures edge up

Eastern China’s hot rolled coil prices increased on Wednesday April 5 after a holiday in the country to mark the Tomb-Sweeping Festival, amid small gains in the futures market.

UAE flat steel market slow, HRC prices decrease

The flat steel import market in the UAE was slow this week, with prices for hot rolled coil (HRC) decreasing, while other prices remained unchanged.

Vama banks on Usibor to increase sales of auto steel in China

Valin ArcelorMittal Automotive Steel (Vama) is betting on a growing acceptance of its high-strength coated steel product, Usibor 1500, in China’s automotive market to drive its sales.

China AM: Rebar, coking coal futures surge after holiday

China’s ferrous futures rose during morning trading on Wednesday April 5 after trading was halted for a public holiday, with the rebar contract boosted by news of a new economic zone in the country while that for coking coal reacted to after-effects of Cyclone Debbie in Australia.